TELESTE RECEIVES ORDER FOR TWO MILLION EURO'S WORTH OF OPTICAL EQUIPMENT FROM SIEA IN FRANCE

Turku, Finland, 2013-08-29 08:30 CEST (GLOBE NEWSWIRE) --
TELESTE CORPORATION STOCK EXCHANGE RELEASE 29.08.2013 AT 09:30

 

TELESTE RECEIVES ORDER FOR TWO MILLION EURO'S WORTH OF OPTICAL EQUIPMENT FROM SIEA IN FRANCE

Teleste has won the first stage of the public tender, which relates to customer network optical equipment deliveries for the French public authority SIEA (Syndicat Intercommunal d'énergie et de e-communication de l'Ain). The SIEA is responsible for the energy and telecommunications management of 419 municipalities in the province of Ain in eastern France. This is one of the first major supplies of equipment for a Fibre to the home (FTTH) solution based on RFoG (Radio Frequency over Glass) technology in Europe.

Teleste was selected as the equipment supplier for the first phase of the tender, and the selection includes an option to supply equipment for the second phase as well. The value of the deliveries for the first phase stands at approximately two million euros, and the equipment will be delivered to the customer in the third and fourth quarters of 2013.

The estimated value of the deliveries for the second phase is about EUR 1.5 million. Possible confirmation for implementing phase two of the project will be available by the end of the last quarter of the year in 2013.

Teleste is an international technology company that develops and offers video and broadband technologies and related services. Our supply of technology contributes to the convenience and safety of daily living. Our core business is video - image and data processing, transfer and management. Our customer base consists of cable and telecom operators, as well as public sector organizations. Our business is divided into two divisions, which are Video and Broadband Solutions and Network Services. In both areas, we rank among the world's leading companies and technological forerunners. Video and Broadband Solutions focuses on access networks and product solutions in video surveillance applications. Network Services offers comprehensive services for network design, construction and maintenance. In 2012, Teleste's net sales totaled EUR 194 million, and the company employed more than 1,300 people. Teleste runs a worldwide network of offices and more than 90% of its sales are generated outside Finland. The company is listed on the NASDAQ OMX Helsinki Ltd. For more information see www.teleste.com

 

TELESTE CORPORATION

 

Jukka Rinnevaara
CEO

 

ADDITIONAL INFORMATION:
CEO Jukka Rinnevaara, phone +358 2 2605 866 or +358 400 747 488

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